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    Question

    The Reserve Bank of India (RBI) has aligned

    provisioning norms for standard assets of large non-banking financial companies with that for commercial banks. The new norms on standard asset provisioning will come into effect from ___________.
    A July 2022 Correct Answer Incorrect Answer
    B August 2022 Correct Answer Incorrect Answer
    C September 2022 Correct Answer Incorrect Answer
    D October 2022 Correct Answer Incorrect Answer
    E November 2022 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks. The new norms on standard asset provisioning will come into effect from October 1. The RBI has issued the rules on standard asset provisioning as part of the framework for scale-based regulation for NBFCs.

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